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By Craig Brandon, on August 27th, 2010%
As the new federal law that protects students under 21 from predatory credit card hucksters goes into effect, few of the news stories I have read mention how much dough colleges were making from these scams.
This article from the Washington Post does a pretty good job. It mentions the “afinity agreements” between alumni groups and banks. It . . . → Read More: Colleges and credit card companies: a match from hell
By Craig Brandon, on July 19th, 2010%
One of the consequences of the out-of-control spending at America’s party schools is that their alumni, faced with decades of payments for college loans, are increasingly saying no when fundraisers ask them for money.
It’s easy to see why. The average college student has racked up $23,000 in student loans and $3,000 in credit card debt and . . . → Read More: College alumni donations: Once bitten, twice shy
By Craig Brandon, on May 30th, 2010%
The story of Cortney Munna, who was profiled in a recent New York Times article about student loan debt is typical in some ways, but not to typical in others.
Cortney, a 2005 graduate of New York University, has $100,000 in student loans to pay off and the burden is an albatross around her neck that . . . → Read More: Party schools’ parting gift: A lifetime of crippling debt
By Craig Brandon, on May 4th, 2009%
With graduates forced to pay off student loans that reach up into the $50,000 range, it's time that we took a second look at the financial benefits of going to a four-year college. The old, outdated cost-benefit analysis was that a college education meant a $1 million increase in lifetime earnings. But that was calculated before the skyrocketing cost of tuition . . . → Read More: Unemployed graduates, deep in debt, could burst the tuition bubble
By Craig Brandon, on September 15th, 2008%
A generation ago it would have been heresy to suggest that NOT going to college was a better choice for some students, but a number of present and former academics are willing to be burned at the stake for daring to voice the truth: for some students, choosing college is the road to financial ruin.
The . . . → Read More: College at any price not worth it, economist says
By Craig Brandon, on September 12th, 2008%
Using a credit card with interest rates in the 25% range to pay your tuition bill is simply insane, but as many as 25 percent of college students are doing it, according to a report released yesterday by Kaulkin Ginsberg. With the banks that used to provide private loans all in trouble because of the subprime mortgage . . . → Read More: Students using credit cards to pay soaring tuition bills
By Craig Brandon, on September 10th, 2008%
Seven predatory student loan lenders told New York Attorney General Andrew Cuomo this week that they were sorry they ripped off thousands of students and their families and promised not to do it anymore. You can read the New York Times story or the official releasefrom Cuomo's office.
They also promised to set up a $1.4 million fund . . . → Read More: Predatory student loan lenders: We didn't rip off students . . . much.
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